Pell Network Token vs EigenCloud (prev. EigenLayer)

EigenCloud (prev. EigenLayer) (EIGEN) is 4616.2× the size of Pell Network Token (PELL) by market capitalisation. Over the past 1 year, EIGEN is ahead by 16.4 percentage points (PELL -92.0% against EIGEN -75.6%). Their daily returns move barely together (correlation 0.10 across 363 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: 0.10
Size ratio: 1 : 4616.2
Ahead over 1 year: EIGEN

Pell Network TokenPELL

$0.000111

24h: —
Market cap: $37,438
Volume 24h: $17
Volatility (ann.): 98%

EigenCloud (prev. EigenLayer)EIGEN

$0.170600

24h: -7.57%
Market cap: $172.82M
Volume 24h: $13.48M
Volatility (ann.): 107%

PELL 0.0%Share of the two combined market caps100.0% EIGEN

Performance

PELLEIGEN

7 days+0.36%-8.82%PELL
30 days+0.91%-28.86%PELL
90 days-18.31%+1.88%EIGEN
1 year-92.00%-75.58%EIGEN

Correlation

0.10over 363 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: -0.021y: 0.10

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	PELL	EIGEN
Max drawdown (400d)	-92.1%	-92.3%
Risk-adjusted return (90d)	-0.61	0.02
Best 30 days (past year)	—	+46.0%
Worst 30 days (past year)	—	-55.2%

Relative strength over 90 days: EIGEN outperformed PELL by 36.3% — measured on the PELL/EIGEN ratio, so it holds regardless of market direction.

Pell Network Token →EigenCloud (prev. EigenLayer) →